I Love Vertiv for 1 Reason, and It's Not the Backlog

Vertiv's services and spares segment is emerging as a key investment driver, growing 62% year-over-year in Q3 2026. The company recently acquired King Environmental Services and PurgeRite to strengthen its maintenance and parts business. With Q3 net sales up 61% to $4.3 billion and adjusted free cash flow reaching $652 million, Vertiv offers investors a recurring revenue stream beyond its $15 billion backlog, though the stock remains below its 52-week high of $379.